MMCC ARRANGES $2.2M FOR NYC APTS
NEW YORK CITY — Marcus & Millichap Capital Corp. (MMCC) has arranged an approximately $2.2 million loan to refinance a 16-unit multifamily property located on the Upper East Side of Manhatan. The address and borrower were not disclosed. The loan carries a 10-year term, a 4.75 percent interest rate and a 75 percent loan-to-value ratio. The lender was a New Jersey-based savings bank. Gerald Kray of MMCC's Manhattan office secured the funding.